Steel News

Outokumpu and Al-Hejailan Group Join Forces in Middle East

13 February 2008 - Stainless steel producer Outokumpu will form a 51/49 stainless steel tubular joint venture with Armetal, a Saudi Arabian manufacturer of architectural stainless steel.

Siemens-Midrex Consortium Starts up World’s Largest HBI Plant in Russia

12 February 2008 - Siemens Metals Technologies and consortium partner Midrex Technologies start up the world’s largest hot-briquetted-iron production facility at Lebedinsky Mining and Processing Integrated Works near Gubkin, Russia.

Siemens to Equip Slab Casters for Anshan-Linggang Joint Venture

11 February 2008 - Siemens Metals Technologies will engineer and supply equipment, technological packages and automation systems for two single-strand medium-thickness slab casters to be installed at Chaoyang An-Ling Iron & Steel, a joint venture facility being built by Anshan Iron & Steel and Lingyuan Iron and Steel.

Outokumpu to Expand Stainless Service Center in France

08 February 2008 - Outokumpu will relocate and expand its stock and processing capability in France in order to improve local service to its French stainless steel customers.

MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato

08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.

Ipsco Parent Reports Results for 2007

08 February 2008 - Reporting profit after financial items of SEK 1,923 (1,585) million for the fourth quarter on sales of SEK 16,086 (8,316) million, Ipsco parent SSAB said that Ipsco began to make a positive contribution to the Group’s results in the fourth quarter.

Terra Nostra Subsidiary Adds 310S Stainless to Product Lineup

07 February 2008 - Terra Nostra’s Shandong Quanxin Stainless Steel joint venture is now manufacturing continuously cast 310S-grade stainless steel, with the first production order shipped in January.

Siemens to Equip Bar Mill for Thep Viet Steel

07 February 2008 - Thep Viet Steel of Vietnam places order with Siemens Metals Technologies to equip a new bar mill at the company's Ba Ria facility.

Danieli Morgårdshammar to Supply Two Rolling Mills for SAIL ISP Facility

07 February 2008 - Danieli Morgårdshammar will supply a high-speed wire rod mill and a high-speed endless bar rolling mill for SAIL’s IISCO Steel Plant (ISP) in Burnpur, West Bengal.

ArcelorMittal to Build Steel Plant in Egypt

07 February 2008 - ArcelorMittal prepares to construct a 1.6 million tonne/year DRI/EAF based steel plant in Egypt after securing the license from Egypt’s Ministry of Trade and Industry for a winning bid of L.E. 340 million (approximately USD 60 million).

ArcelorMittal Completes Offer to China Oriental Shareholders

06 February 2008 - With the completion of its general offer to shareholders in China Oriental, ArcelorMittal and its partners now hold more than 92% of the shares in the company.

ArcelorMittal to Increase Flat Carbon Steel Prices in Europe

06 February 2008 - ArcelorMittal will increase flat carbon steel prices in Europe by 12 to 15%, realigning them to recent global price increases prompted by cost increases for raw materials, energy, and logistics.

MultiServ to Provide Scrap and Slag Support Services at ArcelorMittal ALZ Genk

05 February 2008 - Harsco’s MultiServ mill services division is awarded a new, nine-year contract to manage scrap yard and slab yard operations for ArcelorMittal’s ALZ Genk stainless steel works in Belgium.

Danieli to Supply Flexible Bar and Section Mill for Beshay Steel

05 February 2008 - Danieli Morgårdshammar will supply a new 400,000 tonne/year flexible bar and section mill for Beshay Steel, Egypt.

Mechel Develops Breakthrough Wire Production Technology

05 February 2008 - Mechel OAO’s Beloretsk Metallurgical Plant subsidiary successfully develops a unique technology to produce stabilized larger-diameter reinforcing wire for prestressed concrete structures.

ArcelorMittal Acquires Remaining Stake in Laminadora Costarricense and Trefileria Colima

05 February 2008 - ArcelorMittal acquires the remaining 50% stake of Laminadora Costarricense and Trefileria Colima from Clarion Del Norte, making it the sole owner of the only major long carbon steel producer in Costa Rica.

OAO Severstal Resumes Blast Furnace Operations at Cherepovets

05 February 2008 - OAO Severstal resumes operation of Blast Furnace No. 5 at its Cherepovets steel plant, following a fire on January 31 that resulted in the death of one Severstal employee and the injury of two others.

Danieli to Supply New Meltshop for Votorantim Group

04 February 2008 - Danieli will supply a complete one-million-tonne/year meltshop for Votorantim Group, Brazil, including EAF, LF, six-strand billet caster, several cranes, and a fume management plant.

Ternium Completes Sale of Steelscape and Other U.S. Assets

04 February 2008 - Ternium SA subsidiary, IMSA Acero SA de CV has completed the sale of its interests in Steelscape, ASC Profiles, Varco Pruden Buildings, and Metl-Span LLC to BlueScope Steel North America for a total consideration of US$726 million.

ArcelorMittal to Restart Seraing Blast Furnace n.6

04 February 2008 - Following its agreement to a solution to the CO2 quota allocation issue that was proposed by the federal and regional governments of Belgium, ArcelorMittal will now prepare to re-launch the Seraing blast furnace n.6 in Liège, Belgium.